alan1 | Aug 26, 2018 | 321 posts since 2015I'd suggest you keep the account open, and do what's required to avoid inactivity/dormancy fees. Navy FCU periodically offers good deals on CDs, and you write that you would be interested in such offers. By maintaining your savings account in good standing, you would be able to quickly take advantage of such offers, rather than having to go through the process of again joining Navy.

Anon456 | Aug 27, 2018 | 196 posts since 2011If you have to pick and choose what accounts to keep open, choose this one. I agree with Alan1's point .... Navy has some of the best CD specials year after year.

Ally6770 | Aug 26, 2018 | 2,670 posts since 2010Unless you are a member or were a member of the military or have a relative that is a member you will not be able to join again. Also Navy has a great advantage over other credit unions with IRA's. Not sure if it is age related or not but for quite a few years you have been able to add money to an existing IRA if you desired during the first 2-3 months of the year. It has been a great benefit for a retiree who is in CD's when interest rates have been so low. In all the years I have been a member they have been wonderful and only did one mistake but did rectify it before it was too late. With IRA's there are usually no do-overs.

Anon456 | Aug 26, 2018 | 196 posts since 2011up to you, but chasing yield is not that simple, is it? IF they were to run another CD special, it could close before you BOTH file again for membership, and then get the money into that account for the CD ..... way worse for an iRA. So i would keep it open, and just do the minimum to avoid Dormancy charges. FYI - ALLY BANK makes it very easy to ACH into or out of another firms accounts without fees. Just take the small amount of time to register the account at ALLY, and the transfers to avoid dormancy are a snap.

Ricochet | Aug 26, 2018 | 494 posts since 2010If you were able to join thru some "backdoor" method I would advise not closing account. It might not be possible to regain admission by present qualification requirements.

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